Michael Forsum - 20 Mar 2025 Form 4 Insider Report for Landsea Homes Corp (LSEA)

Role: President and COO
Signature: /s/ Kelly Rentzel, Attorney-in-fact for Michael Forsum
Issuer symbol: LSEA
Transactions as of: 20 Mar 2025
Net transactions value: $0
Form type: 4
Filing time: 24 Mar 2025, 16:30:22 UTC
Previous filing: 18 Mar 2025
Next filing: 02 Jun 2025
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	LSEA	Common Stock, par value $0.0001	Award	$0	+144,578	+30%	$0.000000	619,571	20 Mar 2025	Direct	F1, F2

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Represents 144,578 restricted stock units ("RSUs") granted under the Landsea Homes Corporation 2020 Stock Incentive Plan (the "2020 Plan"). Each RSU represents the right to receive one share of the Issuer's common stock, par value $0.0001 per share ("Common Stock"). The RSUs will vest as to one-third on each of the first, second and third anniversaries of February 26, 2025, in each case, so long as the Reporting Person remains continuously providing services to the Issuer or its subsidiaries through such vesting date.
F2	Includes 84,000 RSUs previously granted under the 2020 Plan that will vest as to one-third on each of May 29, 2025, May 29, 2026, and May 29, 2027. Each RSU represents the right to receive one share of Common Stock.

Content

Represents 144,578 restricted stock units ("RSUs") granted under the Landsea Homes Corporation 2020 Stock Incentive Plan (the "2020 Plan"). Each RSU represents the right to receive one share of the Issuer's common stock, par value $0.0001 per share ("Common Stock"). The RSUs will vest as to one-third on each of the first, second and third anniversaries of February 26, 2025, in each case, so long as the Reporting Person remains continuously providing services to the Issuer or its subsidiaries through such vesting date.

Includes 84,000 RSUs previously granted under the 2020 Plan that will vest as to one-third on each of May 29, 2025, May 29, 2026, and May 29, 2027. Each RSU represents the right to receive one share of Common Stock.